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Memphasys Ltd ( (AU:MEM) ) has shared an update.
Memphasys Limited has applied to the ASX for quotation of 193,055,540 new fully paid ordinary shares, expanding its listed capital base under the code MEM. The new shares arise from an entitlement offer and associated shortfall offer made under a prospectus, with the shortfall component remaining open for up to three months after the entitlement offer’s closing date, signaling a significant capital-raising initiative that could strengthen the company’s funding position and broaden its shareholder base.
The most recent analyst rating on (AU:MEM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Memphasys Ltd stock, see the AU:MEM Stock Forecast page.
More about Memphasys Ltd
Memphasys Limited (ASX: MEM) is an Australia-listed company; however, this announcement does not provide details on its industry, products, services, or market focus.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.07M
For detailed information about MEM stock, go to TipRanks’ Stock Analysis page.